Federal Reserve approves acquisition of Investors Bancorp by Citizens Financial

WASHINGTON, March 22 (Reuters) – The U.S. Federal Reserve announced Tuesday it had approved the acquisition of Investors Bancorp Inc. by Citizens Financial Group Inc..

The regulator signed off on the cash-and-stock deal, which had been announced in July and was valued at $3.5 billion. (Reporting by Pete Schroeder, Editing by Franklin Paul)

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